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W. P. Carey appoints European investments chief

W. P. Carey, the internally-managed net lease REIT that provides long-term sale-leaseback and build-to-suit financing solutions primarily for companies in the US and Europe, has promoted Arvi A. I. Luoma to Head of European Investments with immediate effect.

As primary lead of W. P. Carey’s investment activity in Europe, Luoma is responsible for overseeing the sourcing, negotiating, underwriting, structuring and closing of all European investments.

W. P. Carey has been investing in Europe since 1998 with an investment team in London and asset management operations in Amsterdam. Aggregate assets under management in Europe total more than €5bn and include more than 475 properties leased to 90 tenants across 20 European countries and more than 25 industries, as of September 30, 2017.

Luoma joined W. P. Carey in 2006 and has since been directly involved in the structuring of approximately €3bn in sale-leaseback, net lease, build-to-suit, value-add and joint-venture investments across all major real estate asset classes.

He has undertaken transactions in 15 countries including W. P. Carey’s first investments in the Spanish, Norwegian and Baltic markets. In addition, he structured the firm’s first hospitality investments in Europe, including the Roomers® Munich development, a Marriott Autograph Collection® hotel in Germany.

Luoma is a graduate of Oxford University, where he earned an MEng in Materials Science, Economics and Management.

Jason Fox, Chief Executive Officer of W. P. Carey, said: “I’m pleased to announce the promotion of Arvi to Head of European Investments. His proven track record of sourcing and executing complex European net lease transactions positions him well to lead W. P. Carey’s European investment business and expand our global portfolio of diverse net lease corporate real estate.”